Omega Pacific Signs Option Agreement to Acquire High-Potential Copper-Gold Project

Omega Pacific Resources Inc. has announced its entry into an option agreement with Copaur Minerals Inc. to acquire up to a 100% interest in the Williams Copper-Gold Project located in British Columbia's Toodoggone region. According to the agreement dated February 29, 2024, Omega must meet specific financial and share issuance milestones over three years to secure the interest in the high-potential property.

To earn a 51% interest, Omega is required to spend C$3 million on exploration and provide Copaur with C$1 million in cash and 3 million Omega shares upon CSE approval. A second option allows Omega to increase its stake to 80% with additional exploration investment and share issuance, followed by an option for the remaining interest based on fair market value. Failure to exercise options could result in forming a joint venture with differing ownership stakes depending on the options fulfilled.

The Williams property encompasses over 9,700 hectares with significant gold and copper discovery potential. Recent soil sampling and drilling have shown promising mineralization. The property is strategically located between known mines and near the Lawyers Gold-silver deposit.